Abu Dhabi’s Modon Properties has awarded a 1 billion UAE dirhams ($272 million) construction contract to Trojan Construction Group for the execution of the Maysan residential project on Reem Island.

The contract covers the development of two fully integrated residential districts - Mayar and Thoraya - forming part of the wider Maysan masterplan, Modon said in a statement.

Mayar will comprise 60 townhouses and 132 stacked maisonettes while Thoraya will feature 184 townhouses accessed through a private entrance. 

(Writing by SA Kader; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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